Paypal Safe For Store Owner?

[Leeb2]

With a PayPal account, which you automatically get signing up for a merchant account, you can withdraw money from your bank account into your PayPal account. Let's say your life savings is in your bank account. Is it safe to have your life savings online that someone can take all of if they can just get your password?

[bobg7]

Thats why you should have a business bank account linked to PayPal, when a payment comes in or once a day, transfer it to the business bank account.

 

After the funds transfer to the business bank account, about 3 days, leave a small amount in the account and move the rest to your personal bank account thats not linked to PayPal.

 

You need to keep a small amount in your business account so in the event there is a refund and not enough in your PayPal account, PayPal can pull the amount it needs to process the refund.